Importance The article deals with the system of management accounting in the electric power industry. Objectives The paper aims to develop methodological, organizational, and practical proposals for improvement of management accounting and management audit in electric grid companies. Methods For the study, we used statistical, comparative, analog, typological, logic, inductive, and deductive kinds of analysis. As well, we used the industry regulatory and legislative documents, materials of scientific-technical conferences and meetings devoted to economic problems in the energy sector. Results We present certain proposals for improving the management audit in the company, including the organization of internal control, managerial accounting, integration of the processes of formation and execution of budgets with pricing in the energy sector. Conclusions Our conclusion is that the most effective method of managing costs of grid companies is a competent assessment of the management and control of the company.
Keywords: audit, analysis, management accounting, centers of financial responsibility, electric power sector
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